Zytronic Share Discussion Threads

[interceptor2] 24/12/2014 11:52

Welcome cfro, pleased to see you have brought here. :o)

[cfro] 24/12/2014 11:34

Joined you guys today with an initial purchase.

Im liking the relative strength here and especially since the v strong results announcement.

The £3 level should be important now that the shares have broken through.

Plus, i reckon ZYT could be the typical sort of 'hot' stock that is napped over the new year.

[interceptor2] 24/12/2014 08:39

It is a lovely looking chart rivaldo, the 300p level will be good to hold above and could provide support in the future.

I like it when the fundamentals and technicals are in agreement :o)

[rivaldo] 24/12/2014 08:03

New recent highs now....

[rivaldo] 22/12/2014 08:55

Nice start to the week.

Cheers topvest - here's the direct link, will listen later:

[topvest] 20/12/2014 16:12

With sales set to exceed £20m this year, and margins strong, we can probably expect Zytronic to head higher than it's previous high. There is probably scope for this to hit £4 on further good news. £4 is my target to reduce. Happy to hold at the moment as the company is relatively cheap on a valuation basis.

I would suggest those that are interested in this listen to the results presentation. Projects in hand are significantly higher than a year ago which is very encouraging from a trading perspective. The business certainly has positive momentum.

[randomambler] 17/12/2014 17:24

Thanks Thorpematt. I actually agree with your points and also put a fair weight on Paul's management meeting comments. The directors certainly seem sound and have acted honourably for the shareholders since the company went public. So I'm prepared to overlook the tiny management stake in this case. That said I've been disappointed by managers so often now that I have to force myself to be cynical about everything they say and do!

[bookbroker] 17/12/2014 15:15

With this technology, think how many games could be downloaded into a coffee table, gone is the board in its original sense, Monopoly would be great on a touch-table, far superior than a tablet or desktop!

[thorpematt] 17/12/2014 15:13

RandomAmbler,
It hasn't bothered me to be honest and the main reason for that is simply that my analysis of the company has led me to be very positive in all those other things I look for. Some of those points you yourself have hinted at.
Although I am not a big fan of tech stocks generally I do have an additional belief that this particular technology has huge potential despite the relatively lowly rating. That fact coupled with the track-record of management enables me to take a calculated investment risk with confidence.
Of interest here also: I have just been reading back on the thread and note Paul Scott's comments. (Thanks for posting these BTW Paul). I know he shares your requirement that management must be reliable and since he has himself spoken to them and given a thumbs up I’d be additionally confident.

[shauney2] 17/12/2014 11:54

Nice find rivaldo.
Like the look of the coffee touch-table.Great for gamers and card players.

[randomambler] 17/12/2014 08:15

Nice article rivaldo. I wouldn't mind one of those tables myself - they sound awesome!

[rivaldo] 17/12/2014 07:44

I like the sound of this - ZYT winning business in digital signage furniture, which is of course a coming "thing":



"Digital signage furniture: Multitouch tech enhances interactive tables
Dec. 12, 2014

Touch sensor product developer and manufacturer Zytronic, with the assistance of its French distributor, Eurocomposant, has secured ongoing business with interactive furniture producer HUMElab, the company has announced. The company is now producing ultra-durable p-cap sensors for a series of multitouch table products, targeted for use within home, restaurant and hospitality settings, the company said.

According to Zytronic, HUMElab required the touch sensors supplied for this project to meet a number of criteria: First, the sensors needed to withstand the stresses associated with high-use public areas, be low maintenance and easy to clean, while still maintaining accurate multitouch responses. Second, the sensors needed to be aesthetically pleasing and fit comfortably into high-end luxury environments.

Combining high-end furniture with Zytronic's multitouch solutions, each HUMElab TABATA table incorporates a large-format, HD, touch-enabled display. The displays enable users to carry out a wide range of functions, such as playing complex multi-user games, ordering food, surfing the Web and connecting with friends via social media, etc.

Supplied to HUMElab in 22-, 32- and 42-inch formats, each sensor features customized printed borders with sleek polished edges, offering a bezel-free design. The displays' antiglare, thermally toughened 4 mm and 6 mm glass allows for readability in all light conditions, while it protects the sensing elements from environmental and physical damage.

"Zytronic's touch sensors were chosen because of the fluidity of their touch response and the 40 simultaneous touch points that they can support," HUMElab International Sales Director Armand Menargues said in the announcement. "The sensors also showed themselves to have other advantageous qualities in terms of maintenance as there is no need to calibrate the system anything like as often as with the previous solution we used."

Zytronic's PCT technology is manufactured using a micro-fine metal matrix of sensing elements (only 10 microns in diameter) embedded into a laminated substrate. The technology allows recognition of complex gestures as well as enabling up to four people to operate the sensor at the same time, sharing the immersive experience.

"There were a number of key criteria that had to be met for this project," Zytronic Sales and Marketing Director Ian Crosby said in the announcement. "Firstly HUMElab required a solution that could deliver exceptional multitouch detection. By being able to determine multiple touch points simultaneously, everyone around the touch table can participate and enjoy shared involvement. This needed to be backed up by both responsiveness and accuracy of the touch sensor, plus support for a sleek, eye-catching exterior. We were able to present HUMElab with a solution that surpassed their expectations on all of these points.""

[randomambler] 16/12/2014 23:24

I've had my eye on Zytronic for a fair while and having finally dug into the historic numbers I'm very impressed on pretty much all counts. Apart from the lack of recurring revenue the numbers really couldn't be better:



The only thing that really bothers me is how tiny a stake the board have in the company. They don't seem to buy any shares in the market and they're not awash in options either. Does this worry anyone else?

[rivaldo] 14/12/2014 12:02

Cheers re the IC write-up penpont.

I note that ZYT made 12p EPS in the last H2 alone. I don't recall ZYT having any particular seasonality, and the H2 results seem due specifically to the upturn in fortunes at the company, so that might imply say 25p-30p EPS this year assuming continued healthy trading (unless for example there's expected to be a higher tax charge this year?).

[paulypilot] 10/12/2014 23:36

Excellent figures. I spoke with the CEO and FD this week, and remain a happy holder. Smashing business, with high margins, plenty of work in the pipeline, and hard-working management focussed on shareholder value. Divi raised to 10p. Note they did NOT cut the divi when 2013 results were disappointing.

In my view this is a nice company to back long term. Good, trustworthy people.

PP.

[rivaldo] 10/12/2014 07:54

Full article in the IC on ZYT - anyone got full access?



"Zytronic touches success

An 18 per cent jump in touchscreen sensor sales helped Zytronic (ZYT) deliver another strong set of annual numbers. Used in everything from shopping malls to museums, casinos to bus stops, the high-margin sensors now make up 79 per cent of revenues.

etc"

[rivaldo] 09/12/2014 10:29

Hopefully the IC will follow up with a larger tip:



"Touch screen technology specialist Zytronic (ZYT) enjoyed a solid year to September during which revenues rose by 9 per cent to £18.9m and profits grew 68 per cent to £3.3m. Management reported that revenues and order books at this early stage of the current year are running ahead of last year. We keep our buy recommendation."

[shauney2] 09/12/2014 10:09

Get the round number sellers out of the way and more to come.

With the net cash growing and currently around 50p a share i wonder what there thoughts are.Acquisitions or a special dividend?

[thorpematt] 09/12/2014 09:39

FWIW my estimate of earnings was spot on (that never happens).

So looking forward, since the outlook is strong we can up estimates for next year I think.

As with most companies I buy ZYT is low on debt and interest etc so strong cash generation looks viable for next year. Given the already healthy balance sheet the EV is rather modest and frankly this is an obvious buy out target at probably twice the price. Even on low growth multiples I have this valued at £4.17 but that's before you start pricing in intangibles such as patented tech.

[cockneyrebel] 09/12/2014 09:21

Well deserved rise today and a lot more to come imo.

Were trading at 360p two years ago when prospects probably weren't as good as they are today. Earnings were similar then and divi was lower.

All imo/dyor but these are trading at a lot lower rating than 2 years ago which at least gives you a 'been there' guide imo.

CR

[salpara111] 09/12/2014 08:22

Happy with my short term target of £3.50.